PUC Distribution contracted Fluence to install energy management and storage systems that would allow business in a city in Ontario to reduce high peak-load charges. It is hoped this will reduce costs and help Canada hit its strict carbon emissions mandate.
At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.
The solar manufacturing equipment maker has posted an EBIT of US$15 million for the six-month period. It marks a return to profitability for the Swiss company, after major restructuring and cost optimization programs over the past 18 months.
To date, 50 MW of net-metered solar power arrays have been connected to the grid in the Emirates. One of the latest is a 2 MW PV carport at the headquarters of the Dubai Electricity and Water Authority (DEWA) and at the Ministry of Climate Change and Environment (MOCCAE) building.
As the global EV market grows, manufacturers are seeking new revenue streams for used EV batteries. Applications in grid and residential storage systems have become popular. The market for second-life EV batteries is expected to reach $4.2 billion by 2025.
The thin-film specialist has met representatives of the municipality of Uberaba, in the west of the state of Minas Gerais, to discuss project details. Planned investment may reach $1 billion as the Chinese manufacturer, like its peers, targets overseas markets.
A 25 MW / 52 MWh Tesla energy storage system will be installed at the Lake Bonney Wind Farm, in a state which already houses the world’s largest battery.
With a wave of consolidation predicted, the module manufacturer has announced a strategic partnership which will see it open up its overseas sales network and scale to smaller peer Tunghsu Kangtu.
The Ontario-based solar manufacturer will deploy a 150 MW production line at its manufacturing facility in Toronto, and another 150 MW line at an unspecified location in the United States.
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